Investment: £20k-£50k
Franchise Focus The best of Bristol
Franchisee Damon Brown proves Minster Cleaning Services offers resounding success with excellent resale opportunities
INVESTMENT LEVEL: FROM £28,225 D
amon Brown took over as franchisee for the Bristol branch of Minster Cleaning Services in January 2016. Since then, the offi ce cleaning
franchise has won many new contracts, as well as adding extra business from existing clients, and turnover has increased by 26 per cent over the last 12 months. Following a career in international and
UK fi nance with Lloyds Banking Group, Damon bought the branch as a resale. He is aiming to follow in the footsteps of another ex-banker, Kevin Lawley, who has more than trebled turnover at his Norfolk and Suff olk branch since taking over in 2011.
Damon says: “I have an excellent team
here and the branch runs very smoothly, but there is plenty of scope for further growth. Bristol is thriving and continues to attract investment. The West of England Combined Authority has been launched, bringing £90million of public money into the region over the next three years, and, according to the latest UK Powerhouse report, Bristol’s economy is now worth £13.6billion. Its growth is keeping pace with some of the country’s biggest cities, including London, Birmingham and Leeds. The city was also named as the UK’s most desirable location in the 2017 Sunday Times Best Places to Live Guide. “By concentrating on the M5 corridor south of Bristol, we have been successful in gaining customers from the South Somerset region. Much of the new business is from larger contracts with higher average values, and an account manager with multi-site experience has been recruited to capitalise on this success and add experience to the management team. Growth has been predominantly in manufacturing and the service sector, but Minster’s expertise in healthcare has also helped expand this important area.” Offi ce cleaning is an essential commercial service that appeals to a broad client base; this helps to protect franchisees from the peaks and troughs experienced by so many businesses. As the country’s biggest and one of the most successful commercial cleaning franchises, Minster off ers prospective franchisees
Damon Brown
with people-management skills a safe and secure future whether they buy an established branch or choose a new area. The majority of Minster’s most recent franchisees have joined through the purchase of an established branch. Buying an existing business has many advantages, including cashfl ow, customers and staff from day one. It can also provide evidence of what can be and has been achieved and it can show how the business is likely to perform in varying market conditions. There are currently resales available in Derbyshire and Devon at a fee of £10,000 plus vat in addition to the purchase price of the business. Annual turnover at Minster is now
approaching £40million and the top 10 branches are averaging annual sales in excess of £1.7million. The business was established in 1982 and has been a full member of the British Franchise Association since 1992. As well as benefi tting from a highly eff ective marketing strategy, Minster franchisees get ongoing
support covering operational management, administration, bookkeeping, IT, and professional advice in the complex fi elds of employment law, health and safety, and environmental legislation. New franchise opportunities include Cambridge, Doncaster, Durham, Guildford, Leicester, London, Middlesex, Peterborough and Swansea. Initial start-up cost is £28,225 plus vat, which covers licence, training, computer software and hardware, stationery, machinery, equipment and materials. In addition, between £40,000 and £60,000 working capital will be needed – fi nance is available from leading banks subject to status.
Minster Cleaning Services Commercial cleaning management
www.minsterfranchise.co.uk minster@minsterfranchise.co.uk 0121 386 1722
September 2017 |
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